Trump’s $15B Attack on NYT: Media Bias or Meme Coin Bust?
President Donald Trump filed a $15 billion defamation lawsuit towards the New York Times, claiming its reporting broken his private model, media firm, and Solana-based meme coin.
The case, filed Monday in a Florida federal court docket, intensifies Trump’s authorized offensive towards main US shops.
Trump Accuses Times of Defamation and Election Bias
Trump’s submitting claims the New York Times deserted journalistic requirements and acted as “a full-throated mouthpiece of the Democrat Party.” It cites articles, endorsements, and the e-book Lucky Loser by reporters Susanne Craig and Russ Buettner. The lawsuit additionally names 4 Times reporters, together with writer Penguin Random House, which Trump calls “false, malicious, and defamatory.”
He argues the reporting brought about sharp losses to Trump Media & Technology Group and damage confidence in his crypto ventures. Trump Media, the place the president is almost all shareholder, operates his Truth Social platform and has lately invested closely in cryptocurrency.
In a Truth Social put up, he mentioned the “degenerate” Times engaged in “a decades-long technique of mendacity” about him, his household, and the MAGA motion.
The criticism accuses the Times of election interference, pointing to its front-page endorsement of Kamala Harris through the 2024 marketing campaign. It additionally argues the e-book’s launch was deliberately timed with the trailer for The Apprentice movie, triggering a pointy drop in Trump Media’s inventory value.
The lawsuit continues Trump’s aggressive litigation towards media corporations. He lately sued the Wall Street Journal and Rupert Murdoch, ABC anchor George Stephanopoulos, and Paramount’s 60 Minutes. Settlements exceeded $15 million, with Paramount paying $16 million in July.
The Times dismissed the claims.
A spokesperson mentioned, “This lawsuit has no benefit. It is an try to stifle and discourage impartial reporting. The New York Times won’t be deterred by intimidation techniques.”
Trump’s Meme Coin Faces Collapse
The lawsuit explicitly hyperlinks reputational harm to his meme coin undertaking, launched on Solana in January, simply earlier than his inauguration. The official Trump coin initially surged above $40 however has since fallen sharply, now buying and selling round $8.63 with every day volumes close to $175 million—an virtually 80% drop from its early peak.
Melania’s token has carried out even worse, tumbling from launch highs of a number of {dollars} to simply $0.20 by mid-September 2025. With every day buying and selling quantity at solely $5.5 million, it displays far weaker liquidity and diminished investor curiosity in comparison with Trump’s coin.
Despite the downturn, Trump and his sons reportedly gained $6 billion from the launch of World Liberty Financial’s WLFI token and an extra $620 million from broader digital asset holdings.
Experts estimate crypto now makes up 9% of Trump’s $6 billion fortune, whereas actual property has fallen to about half.
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